Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Gagne sold 70,000 shares to shareholders and reacquired 4,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You need to land in Los Angeles, CA, no later than 11:00 AM to make sure you are on time for an afternoon meeting. Select the appropriate option to book the flight that will get you to Los Angeles, CA in time.
Answers (1)
Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.
Answers (1)
On Jan 1, 2003, a printer is purchased with a book value of $30,000 and an estimated useful life of 3 years and an estimated salvage value of $6,000.
Answers (1)
Savor Co. had $100,000 in accrual basis pretax income for the year. At year-end, accounts receivable had increased by $10,000 and accounts payable had decreased by $6,000 from their prior year-end balances.
Answers (1)
ABC opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability policy was $54,000 for 18 months, and the crop damage policy was $18,000 for a two-year term.
Answers (1)
New Questions in Business
If the axle division is now operating at full capacity and can sell all its units to outside customers at the present selling price, what is the minimum selling price that axle should accept from the internal division
Answers (1)
8. Oscar is looking forward to retirement and feels lucky since he will receive a percentage of his monthly income from a plan his employer has funded. From which type of retirement plan will Oscar receive money? A. 401 (k) B. Defined benefit plan c.
Answers (1)
John and Sharon enter into an employment contract, which specifies that Sharon will be employed by John for one year at an annual salary of $45,000 plus benefits. The employment contract is an example of:
Answers (1)
What is a commission, as it relates to the stock market? a. The act of making stock available to buy b. A request to buy a specific kind of stock c. Profit made from selling stock d. A fee paid to a broker for making a trade
Answers (2)
Lilly would like to gather more information about investing in stock. What resources can she use to find out more information?
Answers (1)